Back in September, I needed to buy some plane tickets last minute and it was few days before payday so I took out a loan from Bridge Lending Solutions, an online lender thats run under Tribal law, for $550. I fully expected to pay it all off plus their finance fee on my next payday. However I ended up losing my job and got stuck in a trap of paying them over $150 every 2 weeks with no reduction in my principle balance.
I ended up getting a new job pretty quickly, less than one week after getting laid off, however, the payday schedule was different.